spv

ChainCatcher news, according to Caixin, in response to OpenAI's urgent rebuttal stating that it has not authorized Robinhood and that the so-called "OpenAI tokens" are not equity in OpenAI, a Robinhood spokesperson stated that OpenAI tokens will provide investors with an indirect opportunity to invest in OpenAI through Robinhood's ownership in the SPV. This means that Robinhood does not directly hold shares in OpenAI, but only holds them indirectly through a certain SPV, and then links the price of the OpenAI tokens to the value of the OpenAI shares held by that SPV.

ChainCatcher news, Bitcoin mining company Iris Energy stated that the mining equipment owned by its special purpose vehicle (SPV) is unable to generate sufficient cash to meet its financing obligations, and the market value of this equipment is "far below the principal amount of the related loans." The company is negotiating with lenders, but the special purpose vehicle is not guaranteed by the parent company.According to reports, in September, Iris Energy signed a $100 million equity transaction agreement with B. Riley. (source link)